Summary
Overview
Work History
Education
Accomplishments
Timeline
OperationsManager

Swapnil Naik

Mumbai,MH

Summary

Versatile Banker with proven track record providing transformative leadership to growing organizations. Expertise in Treasury and Nostro. Committed to developing robust standards, internal controls and processes while minimizing risk. Proficient in MS-Office, Aladdin, Intellimatch, Calypso system.

Overview

12
12
years of professional experience
8
8
years of post-secondary education

Work History

Manager

Yes Bank Limited
Mumbai, Maharashtra
12.2019 - Current
  • Reconciliation of General Ledger, Nostro Mirror account and Treasury Position across PAN INDIA .
  • Reconciliation of Net Overnight Open Position Limit (NOOPL) to Reserve Bank of India.
  • Publishing of daily Nostro balances including LNI funds and MIS to senior management and Nostro Funding Team.
  • Escalating transactions to respective branches/department for which entries are outstanding and assisting to resolve it on priority.
  • Reviewing BRD for Nostro Recon process.
  • Reconciliation of RBI Current account and treasury suspense account.
  • Reconciliation of real time Swift Message (MT900)

    .

Manager

Indusind Bank Limited
Mumbai, Maharashtra
10.2015 - 12.2019
  • Reconciling of General Ledger accounts like Treasury, Credence, Depository, Remittances, Cash & Transfer accounts, and Branch Cheque Clearing accounts.
  • Performing Nostro Reconciliation for all Outward and Inward remittances across Pan India.
  • Authorizing Return of Funds (ROF) using SWIFT alliance system, to relevant correspondent agent/banks for all unapplied statement credits.
  • Reconciliation of outward swift payments (manual as well system generated) on hourly basis with respect to debit in customer accounts.
  • Certifying submission of Regulatory reporting done on timely basis to Central Compliance Team.

Senior Team Member

J.P.Morgan Services India Private Ltd
Mumbai, Maharashtra
02.2014 - 05.2015
  • Setting up End of day sweeps for different investment products for US Clients.
  • Opening of multiple Segregated Deposits Accounts (SDA) client sub-accounts and interest participant accounts.
  • Verifying & Validating tax forms like (W9, W8, W8-IMY, W8-BEN-E and W8-EXP) for setting up investment sweeps and account opening.
  • Transferring balances from client primary amount to investment products upon client requests.
  • Processing Maintenance on Sweeps and Accounts.
  • Suspending sweeps or closure of sweeps/accounts for particular period as per client requests.

Senior Consultant

Oracle(OFSS) Processing Services LTD
Mumbai, Maharashtra
09.2009 - 01.2014
  • Ensuring compliance (using Aladdin Systems) with investor laid portfolio guidelines using SQL coded tags.
  • Issuing breaches and warnings by performing cause analysis with account managers and portfolio managers daily for different portfolios of same mandate.
  • Isolating errors, at security and portfolio levels to Portfolio Managers via Dashboard, and providing corrective actions to ensure Compliance on portfolios to meet investors guidelines..
  • Certifying compliance to Portfolios
  • Checking set-ups of new portfolios to be managed

Education

Masters in Financial Management - Finance

N.L.Dalmia Institute of Management Studies
Mumbai
07.2016 - 08.2019

Bachelor's of Commerce - Accounting And Finance

University Of Mumbai
Mumbai
07.2004 - 06.2009

Accomplishments

  • Awarded 15 plus appreciations for automation of various reconcilations like Suspense accounts, Nostro Mirror accounts
  • Used Microsoft Excel Macro to develop reconcilation model for around 18,000 plus accounts on daily basis which reduced the reconciliation time from 8 hours to 2 hours on daily basis.
  • Received Super Achievers award for process improvements and reducing manual efforts.
  • Received Star of the Quarter for quarter for identifying and resolving account balances mismatch in multiple accounts before publishing it to Board of Directors
  • Applauded by client and felicitated with Smile award for completing the work in a record time.

Timeline

Manager

Yes Bank Limited
12.2019 - Current

Masters in Financial Management - Finance

N.L.Dalmia Institute of Management Studies
07.2016 - 08.2019

Manager

Indusind Bank Limited
10.2015 - 12.2019

Senior Team Member

J.P.Morgan Services India Private Ltd
02.2014 - 05.2015

Senior Consultant

Oracle(OFSS) Processing Services LTD
09.2009 - 01.2014

Bachelor's of Commerce - Accounting And Finance

University Of Mumbai
07.2004 - 06.2009

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Swapnil Naik